Inca One Resources Corp.: Chala One Produces 111 Ounces of Gold in November
December 12 2013 - 8:30AM
Marketwired
Inca One Resources Corp.: Chala One Produces 111 Ounces of Gold in
November
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 12, 2013) - INCA
ONE RESOURCES CORP. (TSX-VENTURE:IO) ("Inca One" or the "Company")
wishes to announce production results for the month of November,
2013 at its newly upgraded Chala One gold milling facility located
in the Region of Arequipa, Chala, Peru. During this month the mill
processed 205 dry metric tons of ore with an average grade of 16.94
g/t Au with recoveries of 92.6% for gold production of 111.5
ounces.
The Company continues to source high-grade ore from artisanal
miners in an effort to ramp up to a full 25 TPD capacity in the New
Year and intends to then commence plant upgrades to increase
capacity to 50 TPD by the 2nd quarter of 2014.
Commenting on the above, Mr. Edward Kelly, President and CEO,
stated, "Completing the Chala One upgrade and commencing production
has been a major focus for Inca One and a stepping stone for
further growth. The plant is operating smoothly, is easily scalable
and there is an abundance of high-grade gold mill feed to support
increasing production in the coming months."
Inca One, practicing North American mining standards, intends to
become a "toll milling company of choice" for artisanal miners in
Peru.
The Company will provide a more detailed analysis of Chala One
production results in its future quarterly filings.
About Inca One Resources Corp.
Inca One is a Canadian-based mineral resource company with a
newly acquired gold milling facility & exploration assets in
Peru, which was home to the Inca Empire. Peru is currently the
largest gold producer in South America, hosting mines which have
produced up to 26 million ounces of gold. A highly mineral-rich
country, Peru is one of the world's top producers of gold, silver,
copper and zinc.
On behalf of the Board,
INCA ONE RESOURCES CORP.
Edward Kelly, President& CEO
NEITHER TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.
STATEMENTS IN THIS PRESS RELEASE REGARDING THE COMPANY WHICH ARE
NOT HISTORICAL FACTS ARE "FORWARD-LOOKING STATEMENTS" THAT INVOLVE
RISKS AND UNCERTAINTIES. SUCH INFORMATION CAN GENERALLY BE
IDENTIFIED BY THE USE OF FORWARDING-LOOKING WORDING SUCH AS "MAY",
"EXPECT", "ESTIMATE", "ANTICIPATE", "INTEND", "BELIEVE" AND
"CONTINUE" OR THE NEGATIVE THEREOF OR SIMILAR VARIATIONS. SINCE
FORWARD-LOOKING STATEMENTS ADDRESS FUTURE EVENTS AND CONDITIONS, BY
THEIR VERY NATURE, THEY INVOLVE INHERENTRISKS AND UNCERTAINTIES
SUCH AS THE RISK THAT THE CLOSING MAY NOT OCCUR FOR ANYREASON.
ACTUAL RESULTS IN EACH CASE COULD DIFFER MATERIALLY FROM THOSE
CURRENTLY ANTICIPATED IN SUCH STATEMENTS DUE TO FACTORS SUCH AS:
(I) THE INABILITY OF THE PARTIESTO CONSUMMATE THE DEFINITIVE LETTER
AGREEMENT; (II) FLUCTUATION OF MINERAL PRICES; (III) A CHANGE IN
MARKET CONDITIONS; (IV) THE INABILITY TO PRODUCE THE TECHNICAL
REPORT FOR ANY REASON WHATSOEVER; AND (V) THE REFUSAL OF THE
EXCHANGE TO ACCEPT THE PROPOSED TRANSACTION FOR ANY REASON
WHATSOEVER. EXCEPT AS REQUIRED BY LAW, THE COMPANYDOES NOT INTEND
TO UPDATE ANY CHANGES TO SUCH STATEMENTS.
THE TECHNICAL INFORMATION IN THIS NEWS RELEASE HAS BEEN REVIEWED
ON BEHALF OF THE COMPANY BY THOMAS HENRICKSEN, A QUALIFIED PERSON
UNDER NI 43-101.
INVESTORS SHOULD NOTE THAT NO RESOURCE HAS BEEN ESTABLISHED ON
THE CORIZONA PROPERTY IN RESPECT OF WHICH THE BULK SAMPLING PROGRAM
HAS BEEN INITIATED AND THE OBTAINING OF COMMERCIAL MINING PERMITS
WITH RESPECT TO THE CORIZONA PROPERTY DOES NOT MEAN THAT THE
PROPERTY CAN BE MINED COMMERCIALLY OR AT ALL.
KIN
Communications1-866-684-67301-604-684-6730io@kincommunications.comwww.kincommunications.com
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